Think that's a great question. For those of us making the transition from working to retired, you plan and plan. When you are working and unexpected expenses come up (and don't want to take from savings), you can work overtime, get another job or in my case, make more sales.
When you retire it's more final - working - yes I know seniors do work.
While I know most of us have planned retirement, unexpected expenses can be unexpected.
In our case, we took all our expenses, including entertainment, and then doubled the number. When we knew we could hit that target, we felt comfortable retiring. Not to touch savings, which is for traveling and/or nursing care, OR our kids will have a great life!
We are retiring next month!
We appreciate the sage advice from others that have gone before us.
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